MeritValue

CFN Enterprises Inc.

CNFNdata completeness 100%16 fiscal years on file

Data notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$3.16M1$4.32M2$3.54M3$321,3524$36,2974
Net income−$12.2M5−$9.93M6−$15.2M7−$4.29M8−$6.5M8
Operating cash flow−$344,2149−$1.42M10−$4.98M11$442,78612−$85,56712
Capital expenditure———$013$013
Free cash flow (derived)———$442,78612−$85,56712
Total debt$3.54M14$5.04M15$7.53M16$7.75M17$3.62M17
Cash & equivalents$170,01518$12,47419$78,74420$373,83420$197,95120
Diluted shares31.7M37.6M82.2M8.2M8.6M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$27.63
your share of equity
Profit it earned you last year
−$7.57
Free cash flow it threw off
−$0.1
Debt you’d be carrying
$4.21

10 shares is a claim on −$27.63 of net worth that earned you −$7.57 and generated −$0.1 of cash last year, against $4.21 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−73% shares · 5y

Share count is down 73% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001096906-23-000855 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001096906-24-000789 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001096906-25-000507 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001096906-26-000553 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001096906-23-000855 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001096906-24-000789 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001096906-25-000507 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001096906-26-000553 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001096906-23-000855 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001096906-24-000789 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001096906-25-000507 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001096906-26-000553 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2024-12-31 · accession 0001096906-26-000553 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2021-12-31 · accession 0001096906-23-000855 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2022-12-31 · accession 0001096906-24-000789 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2023-12-31 · accession 0001096906-25-000507 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2024-12-31 · accession 0001096906-26-000553 (LongTermDebtNoncurrent)
  18. 10-K · period ending 2021-12-31 · accession 0001096906-24-000789 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2022-12-31 · accession 0001096906-25-000507 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2023-12-31 · accession 0001096906-26-000553 (CashAndCashEquivalentsAtCarryingValue)